Aso Ismael Hammed Employment Contract

EMPLOYMENT AGREEMENT
This Employment Agreement is made at Erbil on April 20, 2018 between Petrogate Ltd. having its
office at Vila R3/75 Atconz Compound, Bahrka Road, Federal Region of Kurdistan, Iraq (hereinafter
referred to as the “Company” & “Party 1”) ON THE ONE PART
AND
Mr. (Aso Ismael Hammed) S/o Mr. (Medhat Hammed), resident of (MRF Tower, Erbil, Iraq)
(hereinafter referred to as the “Employee” & “Party 2”) ON THE OTHER PART.
(The Company and the Employee shall hereinafter individually be referred to as a “Party 1” & “Party 2”
respectively and collectively as the “Parties”)
WITNESSED
WHEREAS the Company is desirous of appointing the Employee on permanent basis and the
Employee is willing to accept appointment as “( Visa & Residency Coordinator )” in the Company. His
job description is detailed in “Appendix A. Job Description” and his terms of Employment as per Policy
of Petrogate are hereinafter contained.
IT IS HEREBY AGREED as follows:
1. The Company hereby appoints the Employee and the Employee hereby accepts the appointment
on Permanent Basis in the Company commencing from (20-April-2018), subject to termination as
hereinafter provided.
2. The Employee shall be on probation for 3 (three) months from the date of his assumption of duty.
The probation period may be extended for another period of 3 (three) months without assigning
any reason.
3. The place of Employee’s duty shall originally be in Erbil Office or Field Site, provided that the
Company shall have the right to transfer the Employee from time to time or any time to any other
place or station in Iraq. The Employee might also be required to travel within Iraq on Company
business.
4. The Employee shall perform duties as the Managing Director / Country Chairman of the Branch
Office, or any of his designees, may instruct him.
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152 – 160 Kemp House, City Road, London, EC1V 2NX | +44 773 733 0518 | Registered in England & Wales No: 11010344
Info@Petrogateco.com | MNR Reg. 100519

5. It is understood that the employment is conditional upon the Employee satisfactorily passing
physical examination given by the physician.
6. The Employee shall receive monthly in arrears, Basic Salary of US$ (One Thousand Eight
Hundred) (US$ 1,800) subject to applicable tax deduction. The Benefits are detailed in “Appendix
B Salary, Allowances & Benefits” hereof.
7. This salary is subject to revision by the Company, in its absolute discretion. Any other allowances
or benefits may be offered in the due course solely on the discretion of the management. All the
expenses made by the Employee to fulfill his duties will be reimbursed after the approval of
Managing Director / Country Chairman or his designee.
8. The Company is committed to a comprehensive and ongoing safety and security program. The
Employee shall comply with all Company safety and security regulations issued by the Company.
Company excludes any liability for personal injury and/or loss of or damage to property of
Employee whether caused by negligence or otherwise, arisen during or in connection with the
performance of his work, that are not covered by Company’s insurance.
9. The Employee shall be fully and solely responsible for his tax liability. However, Employee hereby
authorizes the Company to make all tax withholdings required by law or regulation. The Employee
shall fulfill, perform and conduct such duties and business of the Company as may be assigned
from time to time by the Company or any authorized representative of the Company. The
Employee shall maintain a high standard of efficiency and diligence and will perform all such work
as conveyed to him.
10. The Employee shall devote full work time and attention to the duties assigned by the company
from time to time and shall do all in his power to promote, develop, extend and protect the
business of the Company and shall not directly or indirectly engage or be concerned or the
employee interested in any other business, occupation or profession of any kind without the
Company’s permission.
11. During the employment with the Company or at any time thereafter, the Employee shall not
disclose information relating to the affairs of the Company to any person not legally entitled thereto
nor shall Employee permit or allow any such person to inspect or have access to any electronic
media, proprietary books, documents, maps or other papers belonging to or in possession of the
Company.

12. Either party hereto may terminate this Agreement during the probation period by giving 7 (Seven)
day written notice to the other party and thereafter 1 (One) Month advance written notice or One
month salary in lieu of the notice period. The company will give the notice as per clause 2.4.9.2.1
of the approved Human Resources Procedure of Petrogate Ltd. It is expressly understood and
agreed by the Employee that the Company shall not be liable for any termination damages or
indemnities.
13. In case the Employee is found guilty of any act of negligence, breaching Code of Ethics of
Petrogate, insubordination, misconduct or being absent without prior permission or committing
breach of the terms of this Agreement, the Employee shall be liable to disciplinary action which
may result in termination of employment without notice or compensation.
14. The Employee shall make good any loss or damage to the Company property caused by his
negligence, omission, carelessness, fraud or deliberate act. The termination of the employment for
such cause shall not relieve the Employee from liability to make good such loss or damage. The
Employee shall be relieved of liability if the deficiency proves to have been caused by unavoidable
circumstances.
15. The Employee will be governed by all applicable Company Policies and Procedures in place and
as amended from time to time.
16. Any alteration or amendment of the Agreement shall be in writing and signed by both parties.
17. This Agreement, including Appendices A & B, constitutes the entire agreement between the
Parties with respect to the subject matter hereof and herby cancels and supersedes any and all
prior written agreements or understandings between the Parties.
18. This Agreement shall in all respects be interpreted in accordance with the Iraqi Labor laws.
19. Employee, through by way of his signing present contract, confirms to have received one copy
thereof. Present contract has been executed in 2 original copies; one for the Employer and one for
the Employee.
IN WITNESS WHEREOF the parties above name have executed the Agreement on the date above
mentioned.
FOR AND ON BEHALF OF

Employer Employee
Petrogate Ltd. Aso Ismael Hammed
Managing Director / Country Chairman
Date: 23/04/2018
Appendix B
Salary & Benefits
Base Salary US$. (US $1,800) per month, subject to normal tax deduction.
Benefits
Leave (a) Annual Leave The Employee shall be entitled to twenty (20) working
days of annual leave after every completed year of service on prorate
basis with the Company. Un-availed leave can’t be encashed or carry
forwarded to the succeeding year.
(b) Sick Leave the Employee shall be entitled to thirty (30) working days
sick leave with full pay in a Calendar year.
Group Life Insurance : As per Company Policy
Health Insurance : As per Company Policy
Eid Bonus : As per Company Policy
Performance Bonus : Entitlement of 9% of annual Base Salary as performance bonus based
on the performance evaluation of the KPIs assigned in line with the
Employee Management Performance System (EPMS) of Petrogate.
Fuel Allowance : 100 Litres/ Month
Place of Work : Office

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EMPLOYMENT AGREEMENT

IT IS HEREBY AGREED as follows:

Info@Petrogateco.com | MNR Reg. 100519

Info@Petrogateco.com | MNR Reg. 100519

Info@Petrogateco.com | MNR Reg. 100519

Info@Petrogateco.com | MNR Reg. 100519

Info@Petrogateco.com | MNR Reg. 100519

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